Toyota and the National Highway Traffic Safety Administration have issued urgent consumer safety alerts to owners of a wide range of Toyota and Lexus models to take out any removable driver’s floor mat and NOT replace it with any other floor mat. “Recent events have prompted Toyota to take a closer look at the potential [...]
Two-and-a-half months after Chrysler took a pass on accepting responsibility for injuries and deaths caused by its defective products via an expedited bankruptcy plan, the automaker announced that it was going to accept future liability claims for vehicles made by the old company. It would be heartwarming to imagine a corporate come-to-Jesus moment, but cooler [...]
The terms of the Chrysler and GM bankruptcies have created arbitrary and artificial classes of claimants. Here are the current parameters for liability: Chrysler: Date of Bankruptcy Exit: June 10 What’s Out: The new Chrysler has no liability for any vehicles built by the old Chrysler. That means: the liability for all current, pending and [...]
WASHINGTON, D.C. – The Obama administration’s drive-by bankruptcies have left the victims of defect-related crashes to eat their dust, but consumer advocates are turning to other strategies to force Chrysler and General Motors to do the right thing. Consumers for Auto Reliability and Safety, along with Consumer Action, Center for Auto Safety, Center for Justice [...]
Barring a successful appeal by some crash victims, the General Motors bankruptcy is a done deal. Over the Independence Day holiday weekend, Judge Robert E. Gerber of the federal bankruptcy court in Manhattan declared independence for General Motors from all previous liabilities. On Sunday, Gerber approved the sale of the automaker’s assets to a consortium [...]
Pity the poor used Chrysler dealer trying to peddle some pre-bankruptcy bargain with this sticker: “WARNING This vehicle was produced prior to the date when the Chrysler bankruptcy was approved. If you buy this vehicle and are injured or killed, even if your injuries were caused by the manufacturer, you or your survivors will [...]
Opponents of Chrysler and General Motors’ bid to play the get-out-of-liability-free card scored a partial victory Friday. GM agreed to amend the terms of its bankruptcy to assume liability for future death and injury claims. The deal was reportedly hammered out late Friday between the Treasury’s auto task force, GM and more than a dozen [...]
About 3,400 individuals will die or be injured in a General Motors or Chrysler vehicle due to an automotive defect in the companies’ first year post-bankruptcy, according to a new analysis conducted by Safety Research & Strategies SRS has released its report, Public Safety at Risk: Bankruptcies Leave Legacy of Defects, Injuries and Deaths as [...]
The states have begun to clamor for their rights in the dissolution of the old General Motors, filing a joint objection to the bankruptcy provision allowing the automaker to eliminate tort claims. Following the path set by the Chrysler bankruptcy and sale to Fiat, GM has sought protection from liability claims for deaths and injuries [...]
A bipartisan coalition of the 20 U.S. Senators comprising the Committee on Commerce, Science and Transportation has written to Chrysler and General Motors urging the ailing automakers to back off of some of the more Darwinian features of their bankruptcies. Separate, but essentially identical, letters to James Press of Chrysler LLC and GM CEO Fritz [...]
